. >> tom: regardless if there's an agreement to avoid the fiscal cliff before the end of the year or not, our friday market monitor thinks the economy and the stock market will climb higher next year. hank smith is the chief investment officer of haverford trust, managing $6.5 billion. so, hank, for investors now, will it pay to wait and see? in other words, should they not buy anything now hoping that there's some kind of conclusion before the end of the year? >> well, tom, if they're already invested, stay invested. this is too trick tow try to trade around. but if you do have cash and we have a sell-off because congress fails to bridge this fiscal cliff, we think it will be an extraordinarily good buying opportunity and you should be ablyo to take advantage of that. >> tom: when we saw the first tarp legislation fail in the house, the s & p 500 lost more than 8% in a single day. could we see that kind of violent reaction? >> oh, absolutely. and, you know, it will be the market's way of saying to congress, "ladies and gentlemen, you made a mistake. let's get back into session and h